When a transaction that has happened in a credit card account is marked as void, this transaction is terminated.

The voided action can be applied to any type of process that the credit card has been involved in, including purchases, payments, improperly processed cash withdrawals, and billings. Whenever a mistake has happened within a credit card account, the word void will be used while the issue is being corrected.

If a transaction was made to an account in error or needs to be removed from the statement for any other reason, it will be necessary to perform a void transaction. A void transaction will instantly and permanently delete that particular transaction from any and all credit records pertaining to that account.

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